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| Daren Blomquist |
IRVINE, CA, July 9, 2015 —
RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive
housing data, today released a Buy-to-Rent analysis and a Buy-or-Rent analysis
on 3-bedroom residential properties in 285 counties nationwide.
The Buy-to-Rent analysis
found that potential returns from buy-to-rent purchases of 3-bedroom
residential properties in the first five months of 2015 decreased from the same
time period a year ago in 169 of the 285 counties analyzed (59 percent).
“As home price
appreciation moderates and aligns more closely with trends in rental rates, the
returns in the buy-to-rent market are stabilizing and becoming more predictable
— if not as lucrative as they were for investors who purchased a few years ago
near the bottom of the market,” said Daren
Blomquist, vice president at RealtyTrac.
“Buying rentals continues
to be a brilliant strategy that allows investors to hedge their bets in a real
estate market shifting away from homeownership and toward a sharing economy.”
Average rental rates on
3-bedroom properties increased 3 percent from a year ago across all 285
counties analyzed, while average home prices on 3-bedroom properties increased
4 percent across those same counties.
For a complete copy
of the company’s news release, please contact:
Jennifer von Pohlmann
Sr. Data PR
Manager
Office:
949.502.8300 ext 139
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